Mortgage Rates Update > 10/04/13

Mortgage rates climbed slightly this week amid the looming government shutdown crisis, while more increases could be expected as the debt ceiling debate heats up in Washington.

The 30 year fixed mortgage rate rose to the 4.31% range. The average 15 year fixed rate finished the week in the 3.45% range, while the 5/1 Yr Arm Rates closed in the 3.15% range. The FHA 30 year rates held steady at 4.0%.